Anyone interested in the future of pensions should welcome the European initiative on the Pan European Personal Pension products (PEPP). Retirement provision is a major issue facing all European countries, hit by a combination of increasing life expectancy and lowering long-term interest rates.

Individual pension provision must be developed. FECIF members perceive this need with their clients across Europe, whether is it to offer more choice and competition in markets with a developed long-term savings offering or simply to give access to solutions in less developed ones. Unlocking this could have a tremendous effect on long-term savings and investments across Europe.The PEPP initiative was launched by the European Commission mid-2017. The European Parliament published a very promising working document earlier this year. Now, the European Council (representing individual countries) is looking at the project.

We remain absolutely convinced that PEPP has great potential, but three elements are needed to make it work, and they are not yet solved by the current proposals. FECIF is pressing these points in Brussels...

The European Federation of Financial Advisers and Financial Intermediaries (FECIF) was chartered in June 1999 for the defence and promotion of the role of financial advisers and intermediaries in Europe.

FECIF, the only body representing European financial advisers and intermediaries, it is based in Brussels, the heart of Europe.